Healthcare startup GenWorks raises Rs 65 crore

GenWorks has raised Rs 65 crore from PE firm Somerset Indus Capital Partners for a 30% stake.

GenWorks is a health-tech startup spun off by General Electric’s (GE’s) healthcare arm Wipro GE Healthcare. It has been set up primarily to take GE’s healthcare solutions beyond the metros to various tier-2 and 3 locations. The company offers equipment and technology solutions for radiology, maternal care, infant care, cardiology and surgical care, among others.

Ganesh Prasad, Founder of GenWorks, said, “The funding would be used to expand the team, increase reach across districts and launch a new tech platform to connect specialists with patients in remote areas to drive early diagnosis.”

“With a view that screening for ailments is more important than treatment, we have created a tech platform in-house over the last couple of years to solve the problem of specialist access in remote areas,” he further stated.

At present, GenWorks serves around 26 states and more than 450 districts across India, with its range of affordable healthcare products and solutions. The firm has a team of over 350 people including local staff on the ground today, starting with a team of around 60 people in 2015.